Ravelin is a smart fraud detection and prevention platform that helps companies stop online payment fraud.
Key Focus Area: Ravelin focuses on providing fraud prevention and payments optimization solutions for merchants that conduct business online. Their primary aim is to enhance the safety of online transactions by mitigating fraudulent activities like payment fraud, account takeovers, refund abuse, promo abuse, and marketplace fraud. Ravelin supports businesses in minimizing financial losses due to fraud while maximizing transaction efficiency and customer satisfaction.
Unique Value Proposition and Strategic Advantage: Ravelin's value proposition centers around its integration of machine learning with human insights to preemptively address fraud issues. This combination allows them to offer highly adaptive and scalable fraud detection solutions tailored to individual business needs, risk appetites, and market-specific threats. Their key strategic advantage is the utilization of advanced machine learning models and graph network analysis, which provide detailed insights into fraud patterns and enable rapid detection and prevention of fraud attempts. This capability is augmented by their customizable rule engines that allow businesses to specify and refine fraud detection parameters according to their needs.
How They Deliver on Their Value Proposition: Ravelin delivers its value proposition through a multi-faceted approach:
Machine Learning and Graph Networks: They employ sophisticated models that analyze billions of data points from transactions to identify and predict fraudulent activities. Their graph network tools help visualize connections between data points, making it easier for users to detect fraud rings and suspicious activity patterns.
Customizable Rule Engines: Ravelin offers flexible rule crafting solutions allowing businesses to set and adjust rules dynamically based on their evolving fraud patterns. This adaptability ensures customized fraud prevention strategies can be rapidly deployed with predictive insights into potential outcomes.
End-to-End Support: Ravelin provides comprehensive support services, including dedicated teams for integrations, product support, and data science to assist clients in optimizing their fraud solutions and ensuring effective use.
Visualization and Analytics Tools: Clients have access to dashboards and visualization tools that provide actionable insights and allow for in-depth analysis of transaction data. This helps businesses understand fraud patterns and adjust strategies proactively.
3D Secure Optimization: Ravelin helps businesses comply with payment regulations and optimize transaction authentication processes using their 3D Secure services. Their approach focuses on reducing transaction friction and churn while maintaining security.
In summary, Ravelin capitalizes on advanced technologies and collaborative client interactions to deliver tailored fraud prevention solutions that aid in securing online transactions while promoting business growth.